Outcome of the 14th Replenishment of the International Development Association (IDA14)
31 March 2005
The International Development
Association (IDA) is the concessional lending arm of the World Bank, which gives
loans and grants to the world’s poorest countries. Donors
meet at 3-yearly intervals to agree the replenishment of IDA resources. Negotiations on the fourteenth replenishment of IDA (IDA 14) began in
February 2004 in Paris, and concluded on 22 February 2005 in Washington. Additional meetings took place in Hanoi (July), Washington (October) and
Athens (December). The report of the replenishment will now be submitted to the
IDA Board of Governors for final approval.
Total donor contributions committed at the final meeting reached 12,253 billion Special Drawing Rights (SDR), the currency
basket in which IDA replenishments are denominated (equivalent to £9,896 billion). This represents a 25% increase over IDA 13, and is the largest expansion
of IDA resources in two decades. IDA
donors will now continue to explore options for increasing their contributions,
with a view to reaching the agreed target for the replenishment of a 30%
increase.
The UK announced a core contribution to the total replenishment of £1,330
million, with a further £100 million linked to progress by the World Bank in
working more effectively with other donors, and reforming the way it attaches
conditions to its aid. This
represents a 59% increase over our contribution to IDA 13 (equivalent to an 83%
increase in SDR terms), and will give the UK a 13.18% share in the replenishment
(compared to 13.78% for the US and 12.24% for Japan). We have also set aside a further £250 million over the IDA 14 period to
support the Bank in scaling up its development assistance to meet the Millennium
Development Goals, and responding to the new challenges in 2005. Parliamentary approval will now be sought for this contribution.
Read the full report with progress
against the UK's objectives 
(16
kb)
Further information
